Brynwood Partners Divests Balance Bar Company
GREENWICH, Conn., Nov. 26, 2012
GREENWICH, Conn., Nov. 26, 2012 /PRNewswire/ --Brynwood Partners VI L.P.
announced today that it has sold its portfolio company, Balance Bar Company,
to NBTY, Inc., a global leader in vitamins, supplements and active nutrition
products and a portfolio company of The Carlyle Group.
Balance Bar, founded in 1992, and acquired by Brynwood VI from Kraft Foods,
Inc. in 2009, has been an innovator in the nutrition/energy bar category. The
Company, which is headquartered in Valhalla, NY, is one of the leading brands
in the high growth $1 billion nutrition/energy bar category. Balance Bar
enjoys a strong and loyal consumer following and has some of the most
recognized bars in the industry. Balance Bar products offer a unique
combination of great taste and lasting energy through balanced nutrition.
"We are delighted to announce the divestiture of Balance Bar, which was our
first investment in our most recent fund, Brynwood VI," said Hendrik J.
Hartong III, Chairman, Balance Bar and Senior Managing Partner, Brynwood
Partners. "We are grateful to all of the Balance Bar employees for their hard
work and dedication to the business. We wish NBTY continued success with this
"On behalf of Brynwood Partners, I would like to thank the Carlyle and NBTY
teams for their efforts in completing this transaction. We have enjoyed the
relationship," said Ian B. MacTaggart, Managing Partner, Brynwood Partners.
Houlihan Lokey Capital, Inc. served as the investment banking advisor to
About Brynwood Partners:
Founded in 1984 and headquartered in Greenwich, CT, Brynwood Partners is an
operationally-focused private equity fund that makes control investments in
lower middle market companies. Brynwood Partners targets companies operating
in the following sectors: (a) consumer products, (b) light manufacturing with
low capital intensity and (c) business services.
Brynwood Partners is currently managing over $500 million of private equity
capital for its limited partners who include U.S. and international pension
funds, fund-of-funds, endowments, high net worth family investment offices and
financial institutions. For more information on Brynwood Partners, please
About Balance Bar Company:
Founded in 1992 and headquartered in Valhalla, NY, Balance Bar, one of
America's original nutrition/energy bars, inspires consumers to lead active,
well-rounded and balanced lives by providing great-tasting, healthy and
convenient nutrition for lasting energy. Balance Bars are available in four
unique product lines (Original, Gold, Bare and Minis) and all the Company's
flavors are based on the 40/30/30 nutrition model (40% of calories from
healthy carbohydrates, 30% from quality protein and 30% from dietary fat). For
more information on Balance Bar, please visit www.Balance.com.
About NBTY, Inc.:
NBTY, Inc. is the leading vertically integrated manufacturer, marketer,
distributor and retailer of high-quality vitamins, nutritional supplements and
related products in the United States, with operations worldwide. NBTY
currently markets over 25,000 SKUs under many brands, including Nature's
Bounty®, Sundown®, American Health®,Ester-C®, Solgar®, MET-Rx®, Osteo
Bi-Flex®, SISU®, Rexall®, Pure Protein®, Body Fortress®, Puritan's Pride®,
Vitamin World®, Holland & Barrett®, GNC (UK)®, Physiologics®, and De Tuinen®.
About The Carlyle Group:
The Carlyle Group is a global alternative asset manager with $157 billion of
assets under management in 101 active funds and 64 fund of fund vehicles as of
September 30, 2012. Carlyle invests across four segments, Corporate Private
Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions– in
Africa, Asia, Australia, Europe, the Middle East, North America and South
America. Carlyle has developed expertise in various industries, including:
aerospace, defense & government services, consumer & retail, energy, financial
services, healthcare, industrial, technology & business services,
telecommunications & media and transportation. The Carlyle Group employs more
than 1,300 people in 32 offices across six continents.
SOURCE Brynwood Partners
Contact: Henk Hartong III, +1-203-622-1790
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